GRUH Finance corrects on profit booking

GRUH Finance fell 8.22% to Rs 634.55 at 11:48 IST on BSE on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was up 103.84 points, or 0.29% to 35,615.42.

On the BSE, 1.53 lakh shares were traded in the counter so far, compared with average daily volumes of 26,918 shares in the past one quarter. The stock had hit a high of Rs 690 and a low of Rs 627.40 so far during the day. The stock hit a record high of Rs 713.55 on 19 January 2018. The stock hit a 52-week low of Rs 330.65 on 23 January 2017.

The stock had outperformed the market over the past 30 days till 19 January 2018, rising 37.61% compared with 5.20% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 34.73% as against Sensex's 9.64% rise. The scrip had also outperformed the market in past one year, rising 106.19% as against Sensex's 31.36% rise.

The large-cap company has equity capital of Rs 73.13 crore. Face value per share is Rs 2.

Shares of GRUH Finance witnessed a run-up ahead of Q3 results. The stock surged 38.28% in seven trading sessions to settle at Rs 691.35 on Friday, 19 January 2018, from its close of Rs 499.95 on 10 January 2018.

GRUH Finance's net profit rose 28.29% to Rs 82.16 crore on 12.45% rise in total income to Rs 428.47 crore in Q3 December 2017 over Q3 December 2016. The result was announced on Saturday, 20 January 2018.

GRUH Finance is a housing finance company.

Powered by Capital Market - Live News